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AM Green and Envision Energy sign MoU

Published by , Assistant Editor
Global Hydrogen Review,


AM Green and Envision have signed a Memorandum of Understanding (MoU) to collaborate on net zero industrial parks and green hydrogen projects in India and globally. The MoU was signed during the World Economic Forum's Annual Summit in Davos, Switzerland.

AM Green and Envision will harness complementary capabilities to manufacture, supply and service wind turbines in India specific to AM Green's wind turbine requirements in the country. AM Green, through its customers, will look to commit to offtake of at least 2 GW of capacity per year over the next three years. The wind turbines will supply energy to produce renewable green molecules.

Mahesh Kolli, President, AM Green, said: "This partnership is bringing together two industry specialists to harness their manufacturing strengths to create sustainable business ventures for the long term. We are excited about the opportunity ahead in global decarbonisation."

The partnership is part of AM Green's larger efforts to advance the development of a secure supply chain for high-quality, cost-effective wind turbines in India. Through such partnerships, AM Green aims to achieve the most economically efficient power supply for its green molecule plants across India.

AM Green and Envision will also work jointly in the development of green hydrogen projects and develop net zero industrial parks. In addition, both companies will draw on their technical expertise to jointly develop a set of applicable green hydrogen industrial standards.

Read the article online at: https://www.globalhydrogenreview.com/hydrogen/24012024/am-green-and-envision-energy-sign-mou/

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